In the United States, the 2010s saw a significant, organized wave of public philanthropy among the very wealthy. We conducted a discourse analysis of legitimation in The Giving Pledge, a philanthropic endeavor that began in 2010 in which billionaires encourage each other to publicly pledge to give away the majority of their wealth in their life or upon their death. We approach these texts with the questions, “Why do these individuals make these public pledges?” and “What rhetorical work is being done by them?” From the perspective of legitimation theory, how do these public, rhetorical acts constitute the social and economic orders into which they are made? Our discourse analysis of the pledges finds that they constitute two parts of an economic system of wealth, both wealth acquisition and the philanthropic giving of wealth. These constitutions in The Giving Pledge reify an institutional order by appending a promise to give back.

This work was based on a case study of a university institute designed to bring university and industry leaders together to promote research and economic development. The article examines how key terms in technology transfer not only justified the institute but also constituted a ground for negotiating interests. Framed by Burke's and Bourdieu's theories of motive and space, the analysis examines the question of who or what authorizes the grounds for success in technology transfer.